Mica; Powder Price in the Dominican Republic - 2023

Mica; Powder Price in the Dominican Republic (CIF) - 2022

The average mica; powder import price stood at $428 per ton in 2022, waning by -60.2% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the average import price increased by 80% against the previous year. The import price peaked at $1,075 per ton in 2021, and then reduced dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($480 per ton), while the price for Spain stood at $362 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Mica; Powder Price in the Dominican Republic (FOB) - 2022

In 2022, the average mica; powder export price amounted to $6,607 per ton, falling by -4% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $6,881 per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Haiti.

From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to +7.8% per year.

Mica; Powder Imports in the Dominican Republic

In 2022, approx. 339 tons of mica; powders were imported into the Dominican Republic; growing by 136% compared with the year before. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 287%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, mica; powder imports reduced to $145K in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 336% against the previous year. As a result, imports reached the peak of $154K, and then declined in the following year.

Import of Mica; Powder in the Dominican Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	17.7	2.1	45.9	87.5	70.4%
Spain	8.2	2.3	6.0	56.5	90.3%
Japan	56.7	29.0	95.3	N/A	29.6%
Others	7.1	1.9	6.7	0.9	-49.8%
Total	89.7	35.3	154	145	17.4%

Top Suppliers of Mica; Powder to the Dominican Republic in 2022:

United States (182.1 tons)
Spain (155.9 tons)

Mica; Powder Exports in the Dominican Republic

In 2022, shipments abroad of mica; powders decreased by -3.9% to 346 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 8.5% against the previous year.

In value terms, mica; powder exports contracted to $2.3K in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $2.5K, and then shrank in the following year.